The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY to new 6-month tops in the 112.50/60 band. USD/JPY looks to trade, data, yields The up move in the pair comes despite the lack of upside traction in yields of the key US 10-year note, which appear to be consolidating around the 2.86% neighbourhood. The rally in the pair lost some momentum after US inflation figures for the month of June failed to meet expectations, showing headline consumer prices rising at a monthly 0.1% and core prices up 0.2% MoM. In the meantime, spot remains vigilant on the US-China trade spat and comments by President Trump in his European tour and ahead of the key meeting with Russia’s V.Putin. USD/JPY levels to consider As of writing the pair is gaining 0.45% at 112.50 and a break above 112.62 (high Jul.12) would open the door to 113.00 (psychological level) and finally 113.39 (2018 high Jan.29). On the downside, immediate contention emerges at 110.99 (10-day sma) seconded by 110.60 (21-day sma) and then 110.28 (low Jul.5). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Technical Analysis: XRP/USD approaches critical $0.4240 support FX Street 5 years The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY to new 6-month tops in the 112.50/60 band. USD/JPY looks to trade, data, yields The up move in the pair comes despite the lack of upside traction in yields of the key US 10-year note, which appear to be consolidating around the 2.86% neighbourhood. The rally in the pair lost some momentum after US inflation figures… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
